by Argus | Anti Money Laundering, Compliance, Financial Institutions, News, Regulatory Compliance
Following a series of financial crime scandals, including its alleged role in handling money embezzled from the Malaysia state-owned investment fund 1MDB, Deutsche Bank is back in the news. The bank has launched a Client-Data compliance probe after laying off...
by Argus | Anti Money Laundering, Compliance, News, Regulatory Compliance
Deutsche Bank threatens to axe 1,000 clients in compliance review In a move following a compliance review, Deutsche Bank has sent letters to almost 1,000 corporate clients to warn them they will lose access to basic banking services within weeks because it has not...
by Argus | Compliance, Financial Institutions, Others
Closing a company in Singapore There are different solutions available for closing a company in Singapore, depending on its type and its business. For most, two processes exist: liquidation by winding up or striking off, which are both handled by ACRA (Accounting and...
by Argus | Compliance, Financial Institutions, Fund Management Company, Insurance, News
MAS issues a Consultation Paper on proposed scope of IAC Guidelines The Monetary Authority of Singapore (MAS) published yesterday a Consultation Paper concerning the proposed scope of Guidelines on Individual Accountability and Conduct (IAC Guidelines). Consultation...
by Argus | Compliance, Financial Institutions, News
FSB reports Asia Pac firms are lagging in LEI adoption The Financial Stability Board (FSB) released this week a thematic review on the implementation of the Legal Entity Identifier (LEI), and offers several recommendations to promote a broader LEI adoption. You can...
by Argus | Fund Management Company, Ongoing Compliance, Regulatory Compliance
Fund Management Companies in Singapore Outsourcing an arrangement by a Fund Management Company (FMC) to a service provider can bring cost and other benefits. However this can also increase the risk profile of the FMC, particularly when there is failure of a service...
